2022 mini-budget discussion

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Dirk Diggler said:
No-one is attempting to dress anything up, I'm simply stating a fact. You're choosing to ignore that with an imaginary counter claim to your point by a third party, simply because it doesn't suit your agenda to confront it.
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Except the rail union is wanting guarantees on future employment and higher wages and trying to dress it up that they are only striking because of safety concerns which is BS!
 
Murphy said:
Again that has nothing to do with what was being discussed, what does any of that have to do with you saying "Radical times need radical solutions." and me responding by saying "Said every German in 1933." and further explanation that your "Radical times need radical solutions." is a tale as old as the hills and it always ends badly.
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I've already answered the point you were making in that 'radical times need radical changes' is not calling upon us to have a world war!
 
The Bank of England has had to intervene to prop up the gilt market :

www.bankofengland.co.uk

Bank of England announces gilt market operation

In line with its financial stability objective, the Bank of England stands ready to restore market functioning and reduce any risks from contagion to credit conditions for UK households and businesses.
www.bankofengland.co.uk www.bankofengland.co.uk

Quantitative tightening on hold, back to QE! The wins keep coming.
 
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thenewoc said:
I know profit is a dirty word to the lefties but without it companies wouldn't bother to exist and neither therefore would the jobs they provide. Wages will always struggle to keep up if you allow the unions to demand wages that are not commensurate with skills. This is because these costs are passed on and that then causes others to demand higher wages, the vicious circle.
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No, unchecked profits at the cost to the many is the dirty word. Making millions or billions in profit and then sacking the grunts when you only make 90% of the vast profits you made the year before is the dirty word. Very few people have an issue with profit. Very many people have an issue with trying to squeeze every last penny of profit out when it comes at the expense of low paid workers.

I agree that we can't simply give out inflationary pay rises when in theory the current inflation will be short lived and transitory but there is no issue with people getting pay rises in general. Giving everyone a 10-15% pay rise is a bad idea. Giving people a smaller pay rise to lessen the effects of short term inflation isn't.

What industry are you in by the way?
 
StriderX said:
Why shouldn't they try to protect their jobs?

They have every right to do so.
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And here's your problem illustrated from the left.

There are no jobs for life, particularly unskilled ones since those that can be replaced by a machine, will be. By demanding that union members should somehow be exempt from progress means that those unions are forcing those businesses to operate in an uncompetitive manner. That uncompetitive business model that you crave means higher costs for that business which is then passed on to the consumers of that business making them less competitive too.
 
thenewoc said:
Except the rail union is wanting guarantees on future employment and higher wages and trying to dress it up that they are only striking because of safety concerns which is BS!
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You're using a specific dispute to justify the abolition of the entire institution. The overwhelming majority of negotiations between union and employer are settled without brinkmanship and you'd never hear anything about them as they are so banal. However, the process is an absolutely crucial part of the relationship.

As I said to you a few posts back, your claim that unskilled workers should never be unionised would be a vile regression in our society, because they are the section of our workforce that rely on collective bargaining the most.

You also claimed that a wage rise for unskilled workers fuels inflation; how do you square that thinking with very subject of this thread?
 
fez said:
No, unchecked profits at the cost to the many is the dirty word. Making millions or billions in profit and then sacking the grunts when you only make 90% of the vast profits you made the year before is the dirty word. Very few people have an issue with profit. Very many people have an issue with trying to squeeze every last penny of profit out when it comes at the expense of low paid workers.

I agree that we can't simply give out inflationary pay rises when in theory the current inflation will be short lived and transitory but there is no issue with people getting pay rises in general. Giving everyone a 10-15% pay rise is a bad idea. Giving people a smaller pay rise to lessen the effects of short term inflation isn't.

What industry are you in by the way?
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Yet also everyone is free to pay in to a private pension which would also be the beneficiary of businesses doing well.
 
I'll ask again, this successful first world economy where the risk taking investors are paid a lot less and the unskilled and low skilled workers are paid a lot more than in Great Britain, where is it...?
 
Lol, I wondered when thenewoc would turn up with his dribble.

It's pointless guys, when he was being programmed with the line that immigrant workers were depressing the native unskilled workers pay he was continually arguing we needed to get rid of them to increase the pay of the low skilled workers.

Now he's being fed the line that low pay increases are fuelling inflation, he'll argue that till he's blue in the face, with no consistency and contradictory arguments when it suits. You won't get a rational argument from him.
 
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